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Nonprofiteer
← BAPTIST MEMORIAL HEALTH CARE FOUNDATION

Form 990 for tax year 2024

Filed by BAPTIST MEMORIAL HEALTH CARE FOUNDATION.

Totals

Total revenue
$66,415,217
Total expenses
$19,498,939
Contributions and grants received
$12,532,997
Grants paid
$16,289,906
Program service revenue
$0
Investment income
$54,273,858
Other revenue
-$391,638
Total assets, end of year
$806,259,294
Total liabilities, end of year
$22,397,179
Net assets or fund balances, end of year
$783,862,115
Program services expenses (Part IX)
$17,511,955
Management and general expenses
$1,632,108
Fundraising expenses
$354,876
Program service expenses (Part III)
$17,511,955

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,528,967

  • 1d · Related organizations

    $3,200

  • 1e · Government grants (contributions)

    $195,880

  • 1f · All other contributions, gifts and grants

    $10,804,950

  • 1g · Noncash contributions included above

    $1,088,430

  • 3 · Investment income

    total $23,100,312 · excluded $23,100,312

  • 7a · Gross sales of assets other than inventory

    securities $31,387,020

  • 7b · Less cost or other basis and sales expenses

    securities $213,474

  • 7c · Gain or loss

    securities $31,173,546

  • 7d · Net gain or loss

    total $31,173,546 · excluded $31,173,546

  • 8a · Fundraising events: gross income

    $42,018

  • 8a · Fundraising events: contributions included on line 1c

    $1,528,967

  • 8b · Fundraising events: direct expenses

    $433,656

  • 8c · Net income from fundraising events

    total -$391,638 · excluded -$391,638

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,127,799 · program services $16,127,799

  • 2 · Grants to domestic individuals

    total $162,107 · program services $162,107

  • 5 · Compensation of officers, directors and key employees

    total $245,249 · program services $147,149 · management and general $24,525 · fundraising $73,575

  • 7 · Other salaries and wages

    total $663,299 · program services $397,980 · management and general $66,330 · fundraising $198,989

  • 8 · Pension plan contributions

    total $34,745 · program services $20,847 · management and general $3,474 · fundraising $10,424

  • 9 · Other employee benefits

    total $121,116 · program services $72,670 · management and general $12,111 · fundraising $36,335

  • 10 · Payroll taxes

    total $65,476 · program services $39,285 · management and general $6,548 · fundraising $19,643

  • 11f · Fees: investment management

    total $1,379,959 · management and general $1,379,959

  • 11g · Fees: other

    total $569,004 · program services $512,103 · management and general $56,901

  • 12 · Advertising and promotion

    total $150 · program services $135 · management and general $15

  • 13 · Office expenses

    total $25,254 · program services $22,729 · management and general $2,525

  • 17 · Travel

    total $20,223 · program services $3,882 · management and general $431 · fundraising $15,910

  • 19 · Conferences, conventions and meetings

    total $10,275 · management and general $10,275

  • 20 · Interest

    total $67,093 · management and general $67,093

  • 22 · Depreciation, depletion and amortization

    total $1,296 · management and general $1,296

  • 23 · Insurance

    total $40 · management and general $40

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,519 · program services $4,967 · management and general $552 · fundraising $0

  • 24b · Other expenses: LICENSES AND TAXES

    total $335 · program services $302 · management and general $33 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $350 · end of year $350

  • 2 · Savings and temporary cash investments

    beginning of year $28,713,927 · end of year $68,040,994

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $705,830,659 · end of year $735,362,114

  • 15 · Other assets

    beginning of year $2,653,545 · end of year $2,855,836

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,812 · end of year $19,781

  • 18 · Grants payable

    beginning of year $8,656,476 · end of year $10,150,078

  • 25 · Other liabilities

    beginning of year $1,287,216 · end of year $12,227,320

  • 27 · Net assets without donor restrictions

    beginning of year $500,977,005 · end of year $528,437,294

  • 28 · Net assets with donor restrictions

    beginning of year $226,195,972 · end of year $255,424,821

Mission and programs · 2024

Mission

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., THE FUNDRAISING ARM OF BAPTIST MEMORIAL HEALTH CARE CORPORATION, RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH CARE CORPORATION PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. HELP ACCOMPLISH BAPTIST MEMORIAL HEALTH CARE CORPORATION'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE, EDUCATION, AND GROUNDBREAKING CLINICAL RESEARCH. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS.

Activities or mission (Part I)

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S PRIMARY MISSION IS TO SOLICIT AND RECEIVE CONTRIBUTIONS, GIFTS, GRANTS, DEVISES, OR BEQUESTS OF REAL AND/OR PERSONAL PROPERTY FROM INDIVIDUALS, FOUNDATIONS, PARTNERSHIPS, ASSOCIATIONS, GOVERNMENTAL BODIES, PUBLIC AND/OR PRIVATE CORPORATIONS AND TO MAINTAIN, USE, AND APPLY, DIRECTLY OR INDIRECTLY, THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM.

  • BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., ESTABLISHED IN 1983, IS THE FUNDRAISING ARM OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM WHICH RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH CARE CORPORATION PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. HELP ACCOMPLISH BAPTIST MEMORIAL HEALTH CARE CORPORATION'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE, EDUCATION, AND GROUNDBREAKING CLINICAL RESEARCH. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PLAY A KEY ROLE IN FULFILLING THE MISSION OF HEALING, PREACHING, AND TEACHING FOR THE AFFILIATES OF BAPTIST MEMORIAL HEALTH CARE CORPORATION. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS CONTRIBUTED DOLLARS THROUGH NUMEROUS DONOR RESTRICTED FUNDS WHICH SUPPORT THE CONTINUUM OF CARE OFFERED BY BAPTIST MEMORIAL HEALTH CARE CORPORATION FACILITIES INCLUDING ONCOLOGY, CARDIOVASCULAR, PEDIATRIC, AND REHABILITATIVE SERVICES, JUST TO NAME A FEW. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ALSO ALLOCATES A PORTION OF UNRESTRICTED CONTRIBUTED DOLLARS AND PORTFOLIO EARNINGS FOR THE BENEFIT OF ITS VARIOUS GRANT PROGRAMS.BOARD OF DIRECTORS GRANT PROGRAM BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S BOARD OF DIRECTORS GRANT PROGRAM HAS MADE AVAILABLE THE NECESSARY FUNDS TO EXPAND EXISTING SERVICES AND PROGRAMS THROUGHOUT THE SYSTEM CREATING A NUMBER OF NEW AND EXCITING INITIATIVES. THE FUNDS MADE AVAILABLE FOR THE BOARD OF DIRECTORS GRANT PROGRAM HAVE COME THROUGH UNRESTRICTED CONTRIBUTIONS, AS WELL AS, CAREFUL INVESTMENT OF THE BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S ENDOWMENT.THE FOLLOWING PROGRAMS RECEIVED NEW FUNDING DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025:2025 HOSPITAL SECURITY INITIATIVE: THIS GRANT WILL IMPLEMENT PROVEN TECHNOLOGY AND COUNTERMEASURES AT PILOT BMHCC HOSPITALS TO AID IN MITIGATING HAZARDS, ENHANCING RESPONSE TO ALARMS, CREATING A SAFER WORKPLACE, AND REDUCING INCIDENTS OF WORKPLACE VIOLENCE.BAPTIST TECHNOLOGICAL INNOVATION CENTER: THIS GRANT WILL ESTABLISH A TECHNOLOGICAL INNOVATION CENTER THAT WILL EXPLORE NEW AND EMERGING TECHNOLOGIES AND DETERMINE BEST WAYS TO IMPLEMENT THESE TECHNOLOGIES WITHIN THE BAPTIST MEMORIAL HEALTH CARE SYSTEM.CENTRAL MONITORING FOR MOTHER & BABY MED SURG: THIS GRANT WILL IMPLEMENT CENTRAL MONITORING SYSTEMS AT BAPTIST MEMORIAL HOSPITAL FOR WOMEN TO ALLOW FOR CONTINUOUS SURVEILLANCE OF POSTPARTUM PATIENTS WITH MODERATE TO SEVERE-RANGE BLOOD PRESSURES.IMAGING ARTIFICIAL INTELLIGENCE: THIS GRANT WILL IMPLEMENT AI FOR DIAGNOSTIC IMAGING READ BY BAPTIST RADIOLOGISTS TO IMPROVE READ TIME FOR RADIOLOGISTS AND INCREASED DETECTION OF FINDINGS THAT REQUIRE PATIENT FOLLOW-UP. OFFICER GRANTSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S OFFICER GRANT PROGRAM ALLOWS OFFICERS AND BOARD MEMBERS OF BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. TO FACILITATE SMALLER GRANT REQUESTS ($100,000 AND LESS) WITH A HEALTH-RELATED FOCUS. SOME OF THE INITIATIVES AND ORGANIZATIONS ASSISTED THROUGH THESE GRANT PROGRAMS INCLUDE:SUPPORT FOR COMMUNITY OUTREACH PROJECTS TO INCLUDE EXPANSION OF FREE GRIEF SERVICES AT MILLA'S HOUSE AND THE GRIEF CENTER IN COLLIERVILLE, TENNESSEE, ROOM AND BOARD COSTS FOR INDIGENT PATIENTS AT THE HOSPICE HOUSE, CANCER PATIENT ASSISTANCE EVENTS IN MEMPHIS, MERIDIAN, OXFORD AND JONESBORO; CANCER SURVIVOR EVENTS IN MEMPHIS AND SOUTHAVEN; AND SCHOLARSHIPS FOR STUDENTS ATTENDING BAPTIST HEALTH SCIENCES UNIVERSITY.DONOR-RESTRICTED FUNDSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS A NUMBER OF DONOR-RESTRICTED FUNDS WHICH PROVIDE BENEFITS TO PATIENTS OF THE AFFILIATE HOSPITALS AS WELL AS THE COMMUNITY AT LARGE. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PROVIDES SUPPORT FOR BOTH THE CHARITY NEEDS OF PATIENTS AND EMPLOYEES THROUGH CHARITABLE CARE AND EMPLOYEE EMERGENCY ASSISTANCE FUNDS.

    Expenses $17,511,955 · Grants $16,289,906

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN C REYNOLDS

    DIRECTOR

    Total calculated
    $90,044
    From this org
    $0
    From related orgs
    $90,027
    Other
    $17
    Hours/week
    0.2 + 39.8 related

  • ANDREA LEVY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • BRANDON ARRINDELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • DOUGLAS EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • ERIC BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • HAL FOGELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • HENRY W MORGAN SR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • HOPE DMUCHOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • JOHNNIE D AMONETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • KATHLEEN BLAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • KEMMONS WILSON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • NANCY BENTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • PACE COOPER

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • SHANNON BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • STEVE THRELKELD MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.23

  • JASON M LITTLE

    PRESIDENT

    Total calculated
    $3,913,950
    From this org
    $0
    From related orgs
    $3,797,655
    Other
    $116,295
    Hours/week
    1.33 + 38.67 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,421,393 related
    Bonus
    $0 + $1,751,999 related
    Other
    $0 + $624,263 related
    Deferred
    $0 + $79,375 related
    Nontaxable benefits
    $0 + $36,920 related
    Filer's total
    $0 + $3,913,950 related

  • GREGORY M DUCKETT

    SECRETARY

    Total calculated
    $1,760,131
    From this org
    $0
    From related orgs
    $1,667,844
    Other
    $92,287
    Hours/week
    0.2 + 39.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $518,957 related
    Bonus
    $0 + $500,750 related
    Other
    $0 + $648,137 related
    Deferred
    $0 + $52,833 related
    Nontaxable benefits
    $0 + $39,454 related
    Filer's total
    $0 + $1,760,131 related

  • KIMBERLY O YOUNG

    CFO

    Total calculated
    $1,216,119
    From this org
    $0
    From related orgs
    $1,130,258
    Other
    $85,861
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,447 related
    Bonus
    $0 + $493,099 related
    Other
    $0 + $80,712 related
    Deferred
    $0 + $79,058 related
    Nontaxable benefits
    $0 + $6,803 related
    Filer's total
    $0 + $1,216,119 related

  • ROBBIE JOHNSON

    VP-CHIEF DEV. OFFICER

    Total calculated
    $372,739
    From this org
    $0
    From related orgs
    $318,468
    Other
    $54,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $208,863 related
    Bonus
    $0 + $61,518 related
    Other
    $0 + $48,087 related
    Deferred
    $0 + $23,063 related
    Nontaxable benefits
    $0 + $31,208 related
    Filer's total
    $0 + $372,739 related

  • PAMELA W CRISLIP

    SENIOR DIRECTOR-ADVANCEMENT SERVICES

    Total calculated
    $151,523
    From this org
    $103,841
    From related orgs
    $0
    Other
    $47,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,368
    Bonus
    $0
    Other
    $473
    Deferred
    $18,815
    Nontaxable benefits
    $28,867
    Filer's total
    $151,523

  • WILLIAM A GRIFFIN

    FORMER CFO

    Total calculated
    $538,737
    From this org
    $0
    From related orgs
    $538,737
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $538,737 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $538,737 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
BAPTIST MEMORIAL HEALTH CARE CORPORATION, A RELATED ORGANIZATION OF BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
ELIGIBLE EXECUTIVES PARTICIPATE IN VARIOUS NON-QUALIFIED DEFERRED COMPENSATION PLANS ORGANIZED UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES BUT THEY INCLUDE: COMPENSATION LIMITATION MAKE-UP PLANS, VOLUNTARY DEFERRAL PLANS, DEFERRAL OF A PORTION OF INCENTIVE BONUS TYPE PLANS, ETC. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: GREGORY M. DUCKETT - $490,265 JASON M. LITTLE - $512,911

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202622259349300602

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